XML 64 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
12. Commitments & Contingent Liabilities Commitments & Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2019
Obligations and Funded Status [Abstract]  
Schedule of Net Benefit Costs [Table Text Block]
Components of Net Periodic Benefit Cost
The following sets forth the net periodic benefit cost (income) for the periods indicated (in millions):

 
2019
2018
2017
Service costs
$6.9
$7.5
$6.5
Interest costs
1.5

1.1

1.1

Expected returns on plan assets
(1.2
)
(1.1
)
(1.1
)
Amortization of actuarial losses
1.0

1.3

1.4

Amortization of prior service costs
—

0.1

—

Settlements
0.9

—

1.2

 
 
 
 
Net periodic benefit costs
$9.1
$8.9
$9.1
 
 
 
 
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]
Obligations and Funded Status
The following table sets forth the change in benefit obligations, fair value of plan assets and amounts recognized in the Consolidated Balance Sheets for the plans (in millions):

Change in benefit obligation:
2019
2018
Benefit obligation at beginning of year
$137.3
$136.6
Service cost
6.9

7.5

Interest cost
1.5

1.1

Plan participants' contributions
3.5

3.1

Actuarial (gain) loss
11.9

(5.4
)
Gross benefits paid
(2.1
)
(3.1
)
Plan amendments
0.2

(0.5
)
Settlements
(3.8
)
—

Change attributable to foreign exchange
(1.6
)
(2.0
)
 
 
 
Benefit obligation at end of year
153.8

137.3

 
 
 
Change in plan assets:
 
 
Fair value of plan assets at beginning year
66.9

61.7

Actual return on plan assets
0.9

0.3

Employer contributions
4.7

4.0

Plan participants' contributions
3.8

3.1

Gross benefits paid
(0.8
)
(1.5
)
Settlements
(3.8
)
—

Change attributable to foreign exchange
0.6

(0.7
)
 
 
 
Fair value of plan assets at end of year
72.3

66.9

 
 
 
Under funded status of plans
$(81.5)
$(70.4)
 
 
 
Amounts recognized in the consolidated balance sheets:
 
 
Current liabilities (Accrued payroll and employee benefits)
$(1.1)
$(1.1)
Noncurrent liabilities (Other long-term liabilities)
(80.4
)
(69.3
)
 
 
 
Net liability, end of fiscal year
$(81.5)
$(70.4)
 
 
 
Defined Benefit Plan, Assumptions [Table Text Block]
Assumptions

The weighted-average assumptions used in computing the benefit obligations are as follows:


 
2019
2018
Discount rate
0.5
%
1.1
%
Compensation rate increase
1.7
%
1.8
%
 
 
 

The weighted-average assumptions used in computing the net periodic benefit costs are as follows:

 
2019
2018
2017
Discount rate
1.1
%
0.8
%
0.9
%
Expected long-term rate of return on plan assets
1.8
%
1.8
%
1.9
%